Release of administrator
32.—(1) A person who has ceased to be the administrator of a company has his release with effect from the following time, that is to say—
(a)in the case of a person who has died, the time at which notice is given to the High Court in accordance with the rules that he has ceased to hold office;
(b)in any other case, such time as the High Court may determine.
(2) Where a person has his release under this Article, he is, with effect from the time specified in paragraph (1), discharged from all liability both in respect of acts or omissions of his in the administration and otherwise in relation to his conduct as administrator.
(3) However, nothing in this Article prevents the exercise, in relation to a person who has had his release under this Article, of the High Court’s powers under Article 176 (summary remedy against deliquent directors, liquidators, etc.).